A makeshift assistance should be enough to rescue Greece but bigger problems facing Europe would leave the future of the euro currency in question, billionaire investor George Soros said.
Soros said what the European Union needed was more intrusive monitoring and institutional arrangements for conditional assistance. He said a well organized eurobond market was desirable.
“A makeshift assistance should be enough for Greece, but that leaves Spain, Italy, Portugal and Ireland. Together they constitute too large of a portion of euroland to he helped in this way,” Soro said.
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